All seems not to be well with one of Nigeria’s electricity companies,the Ikeja Electricity Company.
CKN News exclusive investigation revealed that the company is finding it difficult to pay it’s workers salaries despite the huge income it generates monthly.
In a memo to its workers obtained by CKN News,the company which is one of the most strategically located Disco’s informed its staff why their salaries will be delayed in April 2017.
This is a copy of the notice.
This is to update you on the reason behind the non-payment of salaries as at this date.
Our collection as of today, April 28, is still below the expected minimum threshold considering the fact that Ikeja Electric will have to pay for the energy delivered to us by the market operator who will naturally bill IE irrespective of our good or poor collection performance.
Management is mindful of the effort that is currently being made by all staff to ensure we meet the expected April collection performance that can offset our operating expenses, of which staff salaries is one of the major components.
Having said that, kindly be assured you that all efforts are being made to ensure that salaries will be paid on or before the middle of next week.
Human Resources Department
Ikeja Electric Plc
Obafemi Awolowo Way, Alausa, Ikeja, Lagos.